Sprouts-Anchored Retail Sells to California Gold Development

Hanley Investment Group Real Estate Advisors arranged the $9.3-million sale of a Sprouts‑anchored retail property, which includes a 21,000‑square‑foot junior box lease‑up opportunity. The property is located in Victorville, one of the fastest‑growing markets in Southern California.

SVP Sean Cox and EVP Kevin Fryman represented both the seller and the buyer. The seller was a private advisory and investment firm based in Los Angeles, while the buyer, California Gold Development Corp., a private commercial real estate investment and development company and repeat client of Hanley, is headquartered in Sonora.

“This property checks every box: a top‑performing Sprouts, a junior box lease‑up opportunity, freeway visibility, and a dense trade area that continues to grow,” said Fryman. “The buyer engaged a national tenant during escrow, creating an opportunity for them to execute a lease during escrow.”

The property is located at 12450 Amargosa Rd. within Village Center, a 350,000‑square‑foot community center.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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